CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,495 shares of the company’s stock after acquiring an additional 133 shares during the period. Townsquare Capital LLC’s holdings in CrowdStrike were worth $2,383,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC acquired a new position in shares of CrowdStrike during the 2nd quarter worth approximately $229,000. Park Place Capital Corp raised its holdings in shares of CrowdStrike by 59.4% in the second quarter. Park Place Capital Corp now owns 1,302 shares of the company’s stock worth $499,000 after acquiring an additional 485 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CrowdStrike by 134.4% in the second quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $253,000 after acquiring an additional 379 shares during the last quarter. First Hawaiian Bank lifted its position in shares of CrowdStrike by 10.9% in the second quarter. First Hawaiian Bank now owns 3,853 shares of the company’s stock valued at $1,476,000 after acquiring an additional 380 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its stake in shares of CrowdStrike by 3.8% during the second quarter. HBW Advisory Services LLC now owns 1,484 shares of the company’s stock valued at $569,000 after acquiring an additional 54 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CRWD stock opened at $345.97 on Friday. The stock’s 50 day moving average is $315.80 and its two-hundred day moving average is $313.08. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a market capitalization of $84.81 billion, a PE ratio of 678.39, a P/E/G ratio of 25.16 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 31.7% compared to the same quarter last year. Analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the transaction, the director now owns 821,766 shares in the company, valued at $263,277,391.08. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRWD. Morgan Stanley boosted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday. Rosenblatt Securities lifted their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. DA Davidson reiterated a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Finally, Barclays raised their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.